Duality Advisers LP purchased a new stake in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 43,189 shares of the technology company's stock, valued at approximately $948,000. Duality Advisers LP owned 0.06% of NetScout Systems at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Illinois Municipal Retirement Fund acquired a new stake in shares of NetScout Systems during the third quarter valued at approximately $1,093,000. Rhumbline Advisers increased its stake in NetScout Systems by 2.9% in the 3rd quarter. Rhumbline Advisers now owns 225,304 shares of the technology company's stock valued at $6,313,000 after buying an additional 6,415 shares during the period. Panagora Asset Management Inc. acquired a new position in NetScout Systems in the 3rd quarter valued at approximately $2,163,000. Charles Schwab Investment Management Inc. increased its stake in NetScout Systems by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,711 shares of the technology company's stock valued at $25,686,000 after buying an additional 59,755 shares during the period. Finally, First Eagle Investment Management LLC acquired a new position in NetScout Systems in the 3rd quarter valued at approximately $3,590,000. Institutional investors and hedge funds own 91.64% of the company's stock.
Insider Buying and Selling
In related news, COO Michael Szabados sold 5,000 shares of the company's stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $22.13, for a total transaction of $110,650.00. Following the completion of the sale, the chief operating officer now directly owns 26,084 shares of the company's stock, valued at approximately $577,238.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other NetScout Systems news, EVP John Downing sold 3,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $21.93, for a total value of $65,790.00. Following the completion of the sale, the executive vice president now directly owns 111,115 shares of the company's stock, valued at approximately $2,436,751.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Michael Szabados sold 5,000 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $22.13, for a total transaction of $110,650.00. Following the completion of the transaction, the chief operating officer now owns 26,084 shares of the company's stock, valued at approximately $577,238.92. The disclosure for this sale can be found here. 3.59% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Separately, TheStreet lowered shares of NetScout Systems from a "c" rating to a "d+" rating in a research note on Thursday, January 25th.
Read Our Latest Analysis on NetScout Systems
NetScout Systems Stock Down 0.2 %
NTCT stock traded down $0.03 during trading hours on Wednesday, hitting $19.97. The company's stock had a trading volume of 577,413 shares, compared to its average volume of 681,916. The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.42 billion, a PE ratio of -11.82 and a beta of 0.64. NetScout Systems, Inc. has a 12 month low of $18.77 and a 12 month high of $31.66. The stock has a 50 day moving average price of $21.23 and a two-hundred day moving average price of $21.63.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its earnings results on Thursday, January 25th. The technology company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.22 by $0.33. The company had revenue of $218.07 million during the quarter, compared to the consensus estimate of $200.08 million. NetScout Systems had a negative net margin of 14.21% and a positive return on equity of 4.57%. On average, equities research analysts expect that NetScout Systems, Inc. will post 1.4 earnings per share for the current year.
NetScout Systems Company Profile
(
Free Report)
NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.
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